Topic: What is the minimum credit score for a USDA Loan?

• 

  Michelle McCue

  Member

  February 16, 2023 at 4:09 am

  If the credit report is clear and the debt to income ratio is low, a manual underwrite can be done USDA down to 580. Accept findings on the automated GUS system are typically not achievable with scores under 640.

   

  FHA loans require a score over 500. The minimum down payment for borrowers with scores under 580 is 10%. Scores over 580 have a minim down payment of 3.5%.